Markets have remained largely green during this morning’s Asian trading session. Recovery from the lowest dip of the year has continued this week though it remains sluggish. Bitcoin has traded flat over the past 24 hours and has held above the $7,300 level. Altcoins have been a mixed bag with the majority in the green, one or two however have shown fomo-like gains this morning and the top coin of the day is Verge yet again.
Coinmarketcap reports that XVG is trading at 20% higher this morning, outperforming all other altcoins in the top 25. Its current price is $0.064 which is up from $0.054 this time yesterday, volume has risen significantly also indicating that prices could continue upwards. On the week Verge has performed even better, up 60% from $0.040 this time last week. Over the month it is also up around 20% where most other altcoins have had heavy losses. Against Bitcoin XVG is trading 18% higher at 870 satoshis from 745 sats this time yesterday. Weekly gains on BTC are around 68%, up from 515 satoshis this time last week.
The Verge team is still pumping their mystery partnership after a successful crowd sale effort last week. The donation rewards program has been launched and participants now seem to be reaping the benefits.
Our deepest gratitude to #vergefam for helping us to achieve this partnership! As you know, we’ve launched a donation rewards program in effort to reward all of those that helped make this happen. Go to our dedicated page https://t.co/ix7A5AcQtK to submit your contribution! pic.twitter.com/5rfA6s0NLG
— vergecurrency (@vergecurrency) April 3, 2018
As the hype builds to the revelation of the mystery partner a live stream from the Larry and Joe show featured Verge lead developer Sunerok who stated that he has signed a non-disclosure agreement which prevents any details going out until the funds were raised. That announcement is now scheduled for the 17th of April.
Verge is traded predominantly on Binance with over 60% of the total volume. The volume has tripled over the past 24 hours and is currently $355 million. The renewed interest has pushed it back into the top 25 where it sits at 21st spot with a market cap of $938 million. XVG hodlers will not be selling before the announcement and those with a case of fomo will be getting in now.
Total crypto market capitalization has increased 3% over the past 24 hours and currently stands at $276 billion. Other altcoins enjoying big gains this morning in Asia include Litecoin and Lisk, outside the top 25 Ontology, Ardor, IOStoken and Dragonchain have done well.
More on Verge can be found here: http://vergecurrency.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals.